Shell (NYSE:SHEL) Now Covered by Analysts at TD Cowen

TD Cowen started coverage on shares of Shell (NYSE:SHEL) in a research report report published on Wednesday, Marketbeat reports. The firm issued a buy rating and a $81.00 price target on the energy company’s stock.

Several other research analysts have also recently issued reports on SHEL. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Piper Sandler reduced their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Friday, January 3rd. Finally, Wells Fargo & Company decreased their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $79.48.

Shell Stock Down 1.2 %

Shares of SHEL opened at $71.08 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a market cap of $214.91 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. The company’s 50-day moving average price is $67.05 and its 200 day moving average price is $66.26. Shell has a 12-month low of $60.15 and a 12-month high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. On average, sell-side analysts forecast that Shell will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be given a $0.716 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.03%. Shell’s payout ratio is currently 56.97%.

Institutional Trading of Shell

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC raised its holdings in Shell by 32.3% in the 4th quarter. FMR LLC now owns 86,417,177 shares of the energy company’s stock valued at $5,414,036,000 after acquiring an additional 21,118,234 shares during the last quarter. Voloridge Investment Management LLC grew its holdings in Shell by 170.3% in the 4th quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company’s stock valued at $216,980,000 after buying an additional 2,182,253 shares during the period. Jennison Associates LLC lifted its holdings in shares of Shell by 188.0% during the 3rd quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock worth $198,786,000 after acquiring an additional 1,967,672 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Shell in the fourth quarter worth approximately $91,716,000. Finally, Freestone Grove Partners LP acquired a new position in shares of Shell in the 4th quarter valued at $83,204,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Company Profile

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.